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AAATrade.com Review

Min. deposit: 500

EUR/USD spread:

Regulation: CySEC

Accepts US clients: No

Platforms: MT4

Web trading: Yes

Mobile trading: Yes

Live chat: Yes

Currencies accepted: USD, EUR, GBP and RUB

 

AAATrade.com Review REVIEW

AAATrade is a European liquidity provider and investing firm that aims to provide various financial services along with strategic insights. The brokerage firm allows trading options in forex, stocks, indices, commodities, expiring CFDs and bonds. More than 200 instruments in the forex industry are provided by this firm. The affiliate network program allows you to earn money apart from being a trader. AAATrade is not just another forex broker. It is a full-fledged investment management company offering portfolio management, financial analysis, loans, and credits. If you are looking for an all around investment plan, AAATrade is the partner for your needs. Trading forex and other leveraged products is risky and you should always understand that your invested capital is at risk.

LICENSING AND REGULATION

AAATrade is regulated by the Cyprus Securities and Exchange Commission (CySEC). The investment firm is also supervised by Cyprus Investment Firm (CIF). As a CySEC regulated broker, AAATrade must always comply with the local and EU regulations. It must adhere to the regulations of the Markets in Financial Instruments Directive (MiFID). It is also required to adhere to the Cyprus Investment Services and Activities and Regulated Markets Law of 2007. The supervisory markets ensure that the competitiveness in the EU financial markets is maintained. It also promotes harmonized protection for the investors interested in different types of financial instruments. The regulatory laws also ensure financial transparency.

RELIABILITY

CySEC is a reliable and authoritative regulatory body in the forex market. The standards encourage competition among the investment brokers. They also ensure adequate protection for customers. When you choose a forex broker, it is always safe to choose a broker with a proper license from a leading authoritative body. The licensing regulation monitors the services provided by AAATrade within EU as well as in other countries as long as the services come under the coverage of the authorization for the investment firm.

MONEY PROTECTION

AAATrade is supervised by the Cyprus Investment Firm (CIF). It is also a member of the Investor Compensation Fund (ICF) which provides security to the invested funds. The ICF secures the claims of retail clients covered against ICF members. When an ICF member fails to fulfill the services obligations, the claims for the covered services are secured by ICF. ICF provides coverage for a variety of services such as transmission of orders, execution of orders, portfolio management, investment advice and dealing on own account. The total compensation coverage for each client is capped at 20,000 euros.

ACCOUNT OPTIONS

AAATrade provides trading services to Europe and most of the countries in LatinAmerica, Africa, and Arabia. As AAATrade is a full-fledged investment firm, it caters to a variety of clients such as individual traders, banks, and corporate institutions. You can create an individual account or corporate account. AAATrade also provides you with an option to open a Joint account. The firm prides itself on providing simple and transparent services to individual traders. The guaranteed pricing with no trading slippage is one of the important features of an AAATrader account. The trading tools allow you to use more than 200 instruments in the investment market. With a maximum leverage of 500:1, AAATrader proves to be one of the best forex brokers in the industry. You can create a free demo account when you register with AAATrade. Once you are comfortable with trading using virtual money, you can deposit your funds and trade in real time. Beginner traders will also get access to free trading education after they create a demo account. The video tutorials will also help you to learn the art of trading. When you complete the free tutorials you can get custom training packages to enable you to become a better trader. Advanced traders can also make use of one-on-one training and instruction. Workshops, seminars, and live webinars are also available to help you to learn.

BONUS AND OFFERS

AAATrade provides customized bonus offers when you register with the investment firm. Currently, you can sign up and get 14-day free access to the AAATrade Education Center which provides various learning tools along with webinars and videos. You can withdraw your funds without any limitation within the trial period if you want. The up-to-date market information along with expert help is available for 14 days without any restrictions.

TRADING PLATFORM

AAATrade provides different types of trading platforms. You can use the online trader to start trading wherever you are without having to download anything. The MT4 platform can be downloaded to your computer if you want advanced trading options. The all-in-one trading platform includes different features for both beginners and professionals. You can get live updates from more than 35 countries and stock markets. You can always learn the latest news first directly through the platform and apply your knowledge for trading. The MT4 platform also has trading signals and chart reading features to keep you updated on the latest news. AAATrade also provides a mobile trading platform for those who want to trade on the go. The mobile platform also has various options to execute orders when you are in the mood to trade. Immediate and encrypted trade execution helps you to ensure that you trade at the prices you see. Tight spreads enable you to enjoy maximum profits with your investment.

DEPOSIT AND WITHDRAWAL OPTIONS

AAATrade provides different deposit options such as bank wire, credit cards, Web money and QIWI wallet. All the financial information is stored on encrypted and secure servers to ensure maximum security. You must deposit at least $500 to start trading with AAATrade. There is no maximum limit for depositing funds in your trading account. AAATrade doesn’t charge any deposit or withdrawal fees but you can't avoid the transaction fees. Withdrawal can be done directly to your bank account or to credit or debit cards. One of the important features is that there is no minimal withdrawal amount. You can withdraw any amount you want at any time. When your account has a large margin, you can even make a withdrawal with open positions. AAATrade allows you to transfer money from your account to another AAATrade account.

COMMISSIONS AND SPREADS

You do not have to pay commissions for AAATrade when you execute trades. The transaction fees and other types of fees will be deducted automatically. Depending on the financial instrument you trade, the fees are determined. AAATrade tries to provide lowest spreads in the market. The spread for the currency pair or any other instrument can be found on the platform. AAATrade provides Stop Loss and Stop Limit orders, but they can't guarantee that your loss will be limited.

CUSTOMER SUPPORT

AAATrade provides live chat customer support in more than 15 languages. The multilingual customer support is useful when you need answers to your queries in your mother tongue. Advanced customer service includes dedicated expert account managers who can provide customized solutions to your problems. You can also obtain tailor-made CFD and FX training.

POTENTIAL CONCERNS

Whenever you trade money, your investment is at risk. AAATrade is not a dedicated forex broker and the services are varied. If you are not a professional trader, the choices may be overwhelming.